Advanced Flower Capital Inc.

Advanced Flower Capital operates as a mortgage REIT specializing in senior secured lending to cannabis industry operators. The company originates, structures, underwrites, and manages loans backed by real estate, equipment, cash flows, licenses, and other assets of borrowers in the legal cannabis sector. As a mortgage REIT, the company qualifies for tax-exempt status at the federal level provided it distributes at least 90% of taxable income to shareholders, which accounts for its elevated dividend yield.

The company's primary revenue stream derives from originating and managing senior secured loans to established cannabis businesses. Loans are typically collateralized by real estate holdings and operational licenses, positioning them as secured debt instruments. The company was formerly known as AFC Gamma, Inc. before changing its name to Advanced Flower Capital Inc. in October 2024. It was incorporated in 2020 and maintains headquarters in West Palm Beach, Florida.

Specific data on employee count, total assets under management, or detailed geographic distribution of loan originations is not publicly disclosed in available materials. The company operates within the specialized lending segment serving state-regulated cannabis operators, a market segment with limited traditional banking access.